MCUF Awards NIne Grants, Additional Funds Still Available
The Michigan Credit Union Foundation (MCUF) has awarded nine Community Reinvestment Grants so far this year, providing $61,052 to help credit unions make an impact in improving financial health with initiatives such as the following:
- Arbor Financial Credit Union’s partnership with Western Michigan University to enhance their Summer Finance Camp for teens
- Alpena Alcona Area Credit Union’s new student-run branch to serve students and teachers in a low-income school district
- Michigan Tech Employees Federal Credit Union and Torch Lake Credit Union providing assistance to members in need of critical home repairs after devastating flooding in the upper peninsula
- CP Federal Credit Union’s launch of a career kick-start program for kindergarten students in Jackson county, which will combine financial education with a savings account for post-secondary education
In addition to individual credit union grants, MCUF has also provided more than $30,000 in 2018 for coordinated resources and initiatives utilized statewide to increase financial education through credit unions, including Financial Reality Fairs already reaching more than 2,500 students this year and Money Smart Week initiatives reaching nearly 9,000 families this year.
While MCUF has recently approved a round of grants, funding is still available. If your credit union would like assistance launching an innovative financial education or community reinvestment initiative, click here.